ISLAMABAD: The Oil and Gas Regulatory Authority's (OGRA) recommendation to hike the price of petroleum products has been rejected by Prime Minister Imran Khan Monday.
In its recommendation to the prime minister, OGRA had recommended jacking up the price of diesel and petrol by Rs5 per litre.
Therefore, following the prime minister's decision, the petrol price will likely remain unchanged at Rs145.82 per litre and that the price of diesel will remain Rs142.62 per litre as before.
The prices of kerosene oil and light diesel are also expected to remain at Rs116.53 and Rs114.07 respectively.
| Product | Existing price w.e.f 5-11-2021 | New price w.e.f 16-11-2021 | Increase/decrease |
| Petrol | Rs145.82 | Rs145.82 | Rs0 |
| Diesel | Rs142.62 | Rs142.62 | Rs0 |
| Kerosene oil | Rs116.53 | Rs116.53 | Rs0 |
| Light diesel oil | Rs114.07 | Rs114.07 | Rs0 |
Earlier, on November 5, the government had jacked up the price of petrol in Pakistan by Rs8.03 per litre.
The decision came as a surprise for the masses as on November 1, which was the scheduled date to announce results, the Prime Minister had not agreed with the proposals worked out by OGRA and Finance Division and was directed to maintain the prices as notified on October 16, 2021.
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